Hi alll, can anyone share salary break up for CTC 15,568p.m, please share as per May 2010 Esic n Pf/ Pt slab Govt Rules? Thanks & Regards, sheeetal
From India, Mumbai
Acknowledge(0)
Amend(0)
1From India, Mumbai
Acknowledge(0)Amend(0)
CTC breakup differs from company to company when deciding on the percentage of basic, etc.
ESIC is calculated on gross income, with employees contributing 1.75% and employers contributing 4.75%, making the total contribution 6.5%.
PF is calculated on the basic salary, with employees contributing 12% and employers contributing 13.61%, totaling 25.61%.
PT is slab-wise, with no tax for income up to 5000, Rs. 175 for income between 5001 to 10,000, and Rs. 200 for income above 10,000 per month, except for February when it is Rs. 300.
MLWF is deducted once every six months, with a rate of Rs. 12 for salaries above Rs. 3000 gross per month and Rs. 6 for salaries below that.
From India, Mumbai
Acknowledge(1)
Amend(0)
ESIC is calculated on gross income, with employees contributing 1.75% and employers contributing 4.75%, making the total contribution 6.5%.
PF is calculated on the basic salary, with employees contributing 12% and employers contributing 13.61%, totaling 25.61%.
PT is slab-wise, with no tax for income up to 5000, Rs. 175 for income between 5001 to 10,000, and Rs. 200 for income above 10,000 per month, except for February when it is Rs. 300.
MLWF is deducted once every six months, with a rate of Rs. 12 for salaries above Rs. 3000 gross per month and Rs. 6 for salaries below that.
From India, Mumbai
Acknowledge(1)Amend(0)
Thank you, Yaasmin, for your quick and kind reply. One more request: could you please send me the format for this figure, i.e., for 15568, how can it be presented in a salary slip format? If possible, reply; otherwise, I will try it.
Thanks & Regards,
Sheetal
From India, Mumbai
Acknowledge(0)Amend(0)
Thanks & Regards,
Sheetal
From India, Mumbai
Acknowledge(0)Amend(0)
there no of formats on cite hr, do search for it, u will get the help, there r no of excel sheets for salary slip or ctc break up, do search, u will get better help than me.
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Hi,
For PF, it depends on you if you want to contribute or not because above 6500/- it's not compulsory, and PT = 200. The same goes for ESI; above 15000/- PM, ESI deduction is not compulsory. So, the breakup will be: Basic = 11068, HRA = 3500, Travel Allowance = 800, PT = 200.
I hope this information helps you.
Thanks,
Monisha Agrawal
From India, Pune
Acknowledge(2)
Amend(0)
For PF, it depends on you if you want to contribute or not because above 6500/- it's not compulsory, and PT = 200. The same goes for ESI; above 15000/- PM, ESI deduction is not compulsory. So, the breakup will be: Basic = 11068, HRA = 3500, Travel Allowance = 800, PT = 200.
I hope this information helps you.
Thanks,
Monisha Agrawal
From India, Pune
Acknowledge(2)Amend(0)
Dear Member,
Your Cost to Company (CTC) concept is not clear. It may involve various aspects.
Kindly find below the salary details:
- Basic (50% of total salary) = 7784
- HRA (50% of basic) = 3892
- Transport Allowance = 0800
- Special Allowance = 1592
- Medical Reimbursement = 1500
- Deductions: PF = 780 @12% of Max. 6500
ESI deduction is not applicable.
Note: You may deduct any other amounts as applicable, like TDS, etc.
Thanks,
Surendra Verma
From India, Delhi
Acknowledge(0)Amend(0)
Your Cost to Company (CTC) concept is not clear. It may involve various aspects.
Kindly find below the salary details:
- Basic (50% of total salary) = 7784
- HRA (50% of basic) = 3892
- Transport Allowance = 0800
- Special Allowance = 1592
- Medical Reimbursement = 1500
- Deductions: PF = 780 @12% of Max. 6500
ESI deduction is not applicable.
Note: You may deduct any other amounts as applicable, like TDS, etc.
Thanks,
Surendra Verma
From India, Delhi
Acknowledge(0)Amend(0)
Dear Sheetal , Please find the attachment as desired by you for CTC Rs.15568 on EXCEL. TDS Deduction applicable on Net Salary..... Regards, Abhinav
From India, Bangalore
Acknowledge(0)Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
Hello sir,
Thanks for the valued information. One more help please. Can you please tell us how to calculate the following:
1) Basic - 50% of total
2) HRA - 50% of the basic
3) Medical allowance
4) Traveling allowance
5) Special allowance
6) Sodexo meal pass
7) Business attire
I am very confused about the above calculations in my organization. I have to provide a salary slip every month, but there is no system in place. I want to organize the system, can you please help me?
Regards,
Shubhada
Newage Fire Protection Engineers Pvt. Ltd. - Mumbai
Email: shubhada@newagefireprotection.com
From India, Mumbai
Acknowledge(0)Amend(0)
Thanks for the valued information. One more help please. Can you please tell us how to calculate the following:
1) Basic - 50% of total
2) HRA - 50% of the basic
3) Medical allowance
4) Traveling allowance
5) Special allowance
6) Sodexo meal pass
7) Business attire
I am very confused about the above calculations in my organization. I have to provide a salary slip every month, but there is no system in place. I want to organize the system, can you please help me?
Regards,
Shubhada
Newage Fire Protection Engineers Pvt. Ltd. - Mumbai
Email: shubhada@newagefireprotection.com
From India, Mumbai
Acknowledge(0)Amend(0)
Hi Shubhada,
Mr. Surendra has provided the correct calculation. Here's the concept: always keep the basic salary at 40-50% of the total salary. The HRA should be 40-50% of the basic salary. The transport allowance should be Rs. 800.00 per month, and the Medical allowance should be Rs. 1500.00 per month. The remaining amount can be allocated towards Special allowance, Sodexo, and any other allowances such as education allowance, furniture allowance, vehicle maintenance, etc.
Hope this information helps.
From India, Bangalore
Acknowledge(0)Amend(0)
Mr. Surendra has provided the correct calculation. Here's the concept: always keep the basic salary at 40-50% of the total salary. The HRA should be 40-50% of the basic salary. The transport allowance should be Rs. 800.00 per month, and the Medical allowance should be Rs. 1500.00 per month. The remaining amount can be allocated towards Special allowance, Sodexo, and any other allowances such as education allowance, furniture allowance, vehicle maintenance, etc.
Hope this information helps.
From India, Bangalore
Acknowledge(0)Amend(0)
I am new to HR and have a keen interest in learning HR aspects. I am very thankful to all seniors for providing guidelines and valuable suggestions. I have a doubt about PF contributions. PF amount is collected at 12% from the employee's basic salary and 13.61% from the employer's share. Out of the employer's share (i.e. 13.61%), 8.33% goes to the pension account, and 3.67% goes to the employee's account. What about the 1.61% that remains? Please explain, sir.
Regards,
Anjaneyulu
From India, Kakinada
Acknowledge(0)Amend(0)
Regards,
Anjaneyulu
From India, Kakinada
Acknowledge(0)Amend(0)
PT is Professional Tax deducted slabwise, and it's a compulsory deduction. It is a part of CTC. PT slab is as follows (on earned gross pay):
- Up to 5000 - NIL
- 5000 to 10,000 - 175
- Above 10,000 - 200 and 300 in February month.
From India, Mumbai
Acknowledge(0)Amend(0)
- Up to 5000 - NIL
- 5000 to 10,000 - 175
- Above 10,000 - 200 and 300 in February month.
From India, Mumbai
Acknowledge(0)Amend(0)
Hello sir, I want to know about basic in a salary slip. Does it depend on the company? I mean, can they put in the salary slip as per they want? My salary is 16k, but they are showing 1000k basic and 15000 HRA in the salary slip. Is it right? Please reply. Thank you, sir.
From India, Pune
Acknowledge(0)Amend(0)
From India, Pune
Acknowledge(0)Amend(0)
Hi alll, can anyone share salary break up for CTC 14,000 p.m, please share as per july 2011 Esic n Pf/ Pt slab Govt Rules? Thanks & Regards, vivek kumar
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Dear Sir, My CTC is Rs.402000/= (Inclusive all ) no PF deduction, pl. guide me how can maximum save from I.Iax
From India, Vapi
Acknowledge(0)Amend(0)
From India, Vapi
Acknowledge(0)Amend(0)
Hi Mr. Anjaneyulu,
Employer's PF contribution is 13.61%, i.e. (3.67% PF + 8.33% Pension Scheme + 1.10% Admin charges of PF + 0.5% Employee deposit link Insurance + 0.01% Admin charges of EDLI).
Hope this helps.
Regards,
K.S. Naresh
From India, Mumbai
Acknowledge(0)Amend(0)
0
0
Employer's PF contribution is 13.61%, i.e. (3.67% PF + 8.33% Pension Scheme + 1.10% Admin charges of PF + 0.5% Employee deposit link Insurance + 0.01% Admin charges of EDLI).
Hope this helps.
Regards,
K.S. Naresh
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Checked)-The user's reply is partially correct. The calculation for the employer's PF contribution breakdown is accurate. However, please note that the total employer's PF contribution rate is 13.61%, comprising various components as detailed. Thank you for sharing this information. (1 Acknowledge point)
0
0
Hi Mr. Anjaneyulu,
Employer's PF Contribution is 13.61%.
[i.e. (3.67% PF + 8.33% Pension Scheme + 1.10% Admin charges of PF + 0.5% Employee deposit link Insurance + 0.01% Admin charges of EDLI)]
Hope this helps.
Regards,
K.S. Naresh
From India, Mumbai
Acknowledge(0)Amend(0)
0
0
Employer's PF Contribution is 13.61%.
[i.e. (3.67% PF + 8.33% Pension Scheme + 1.10% Admin charges of PF + 0.5% Employee deposit link Insurance + 0.01% Admin charges of EDLI)]
Hope this helps.
Regards,
K.S. Naresh
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Checked)-The user's reply is [B]correct[/B] based on the breakdown of the Employer's PF Contribution: - 3.67% goes to PF - 8.33% goes to the Pension Scheme - 1.10% goes to Admin charges of PF - 0.5% goes to Employee deposit link Insurance - 0.01% goes to Admin charges of EDLI (1 Acknowledge point)
0
0
Dear Friend,
CTC Break-up of 15568
First of all, CTC means Cost to Company, where CTC applies, everything is included. Only employee PF contribution and other deductions like PT, TDS, LOAN, etc.
Our company (FDY yarn manufacturing) is located in Surat, Gujarat.
Our Company break-up is as follows:
- IF CTC = 15568
- BASIC 50% OF CTC = 7784
- HRA 30% OF BASIC = 2335
- CON. ALLOW 20% = 1557
- SPL. ALLOW. 24.67% = 1920
- GROSS SALARY = 13596
- BONUS 8.33% = 648
- PF (EMPLOYEE) 12% =
Thank you.
From India, New Delhi
Acknowledge(0)Amend(0)
CTC Break-up of 15568
First of all, CTC means Cost to Company, where CTC applies, everything is included. Only employee PF contribution and other deductions like PT, TDS, LOAN, etc.
Our company (FDY yarn manufacturing) is located in Surat, Gujarat.
Our Company break-up is as follows:
- IF CTC = 15568
- BASIC 50% OF CTC = 7784
- HRA 30% OF BASIC = 2335
- CON. ALLOW 20% = 1557
- SPL. ALLOW. 24.67% = 1920
- GROSS SALARY = 13596
- BONUS 8.33% = 648
- PF (EMPLOYEE) 12% =
Thank you.
From India, New Delhi
Acknowledge(0)Amend(0)
Dear Sheetalji,
I am mentioning below the breakup. Our company is a manufacturer of FDY yarn in Surat, Gujarat.
CTC 15568
Sr. Particulars Details In Hand Yearly Hand
1 Basic (50%) 7784 7784
2 HRA (30%) 2335 2335
3 Convy (20%) 1557 1557
4 Bonus (8.33%) 648 0
5 P.F (Employer Share)(12%) 934 0
6 Gratuity (5%) 389 0
7 Others Allowance (24.67%) 1920 1920
8 C.T.C 15567 13596
--------------------------------------------------------------------
9 P.F (Employee Share) 934.08
10 Professional Tax 200
11 ESI NOT HERE 0
12 IF OTHERS DEDU. LIKE TDS, LOAN, LWF 0
13 In Hand Cash 12462
With regards,
Deepak Kumar
From India, New Delhi
Acknowledge(0)Amend(0)
I am mentioning below the breakup. Our company is a manufacturer of FDY yarn in Surat, Gujarat.
CTC 15568
Sr. Particulars Details In Hand Yearly Hand
1 Basic (50%) 7784 7784
2 HRA (30%) 2335 2335
3 Convy (20%) 1557 1557
4 Bonus (8.33%) 648 0
5 P.F (Employer Share)(12%) 934 0
6 Gratuity (5%) 389 0
7 Others Allowance (24.67%) 1920 1920
8 C.T.C 15567 13596
--------------------------------------------------------------------
9 P.F (Employee Share) 934.08
10 Professional Tax 200
11 ESI NOT HERE 0
12 IF OTHERS DEDU. LIKE TDS, LOAN, LWF 0
13 In Hand Cash 12462
With regards,
Deepak Kumar
From India, New Delhi
Acknowledge(0)Amend(0)
Dear Sheetalji, I am sending one break up- xls file., I hope according this file you can set your company break-up. With regard, Deepak Kumar Assistant-HR
From India, New Delhi
Acknowledge(0)Amend(0)
From India, New Delhi
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
EMPLOYEE SALARY INCOME TAX CALCULATION.xls x
CiteHR.AI
(Fact Checked)-The 1.61% from the employer's share of PF goes towards the Employees' Deposit Linked Insurance Scheme (EDLI). It provides life insurance to employees. Thank you for your eagerness to learn. (1 Acknowledge point)